Following are the 2020 transactions Paid dividends $99,000 Issued common stock $558,000 Issued a long term note payable in exchange for equipment $375,000 Purchased treasury stock with a cost of $81,000 What did the company report as net cash used by financing activities on the statement of cash fl...

To calculate the net cash used by financing activities you need to consider the cash flows related t ...

Following are the 2020 transactions Paid dividends $99,000 Issued common stock $558,000 Issued a long-term note payable

Fantastic news! We've Found the answer you've been seeking!

Question:

Following are the 2020 transactions

Paid dividends $99,000
Issued common stock $558,000
Issued a long-term note payable in exchange for equipment $375,000
Purchased treasury stock with a cost of $81,000

What did the company report as net cash used by financing activities on the statement of cash flows for the year ended December 31, 2020?

Related Book For answer-question

Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

See More Books

Posted Date: Aug 16, 2023 01:09 AM

See More Questions

The unclassified statement of financial position accounts for Sorkin Corporation, which is a public company using IFRS, for the year ended December 31, 2016 and its statement of comprehensive income...
The unclassified balance sheet accounts for Sorkin Corporation, which is a public company using IFRS, for the year ended December 31, 2011, and its statement of comprehensive income and statement of...
The unclassified statement of financial position accounts for Sorkin Corporation, which is a public company using IFRS, for the year ended December 31, 2013, and its statement of comprehensive income...
If a particular glucose fermentation process is 87.0% efficient, how many grams of glucose would be required for the production of 51.0 g of ethyl alcohol (C 2 H 5 OH)? C 6 H 12 O 6 2C 2 H 5 OH +...
A 20-kg block with a pulley attached slides along a frictionless ledge. It is connected by a massless string to a 5-kg block via the arrangement shown in figure. Find the acceleration of each block...
In the annual battle of the dorms, students gather on the roofs of Jackson and Walton dorms to launch water balloons at each other with slingshots. The horizontal distance between the buildings is...
A fluid which obeys $\mu=\frac{\tau}{d u / d y}$ : (a) Real fluid (b) Perfect fluid (c) Newtonian fluid (d) None of these
What are some of the potential benefits of working on a special project in ones firm? What are some of the risks?
Exercise 13-3 (Algo) Sourcing Decisions [LO13-3] Troy Engines, Limited, manufactures a variety of engines for use in heavy equipment. The company has always produced all of the parts for its engines,...
An elevator rail is assumed to meet specifications if its diameter is between 0.98 and 1.01 inches. Each year a company produces 100,000 elevator rails. For a cost of $10/2 per year the company can...
write an algorithm for finding the average of 3 numbers. Represent your results also using a flow chart. Determine the decision logic in your answer and explain why?
Starbucks Company's December 31 year-end financial statements contained the following errors: Dec. 31, 2017 Dec. 31, 2018 Ending inventory $37,500 understated $55,000 overstated Depreciation expense...
Explore the complexities of inter-process communication mechanisms in contemporary operating systems, including shared memory, message passing, and synchronization primitives.
Discuss the nuances of demand paging in virtual memory systems, detailing the mechanisms involved in page fault handling, page replacement algorithms, and their impact on overall system...
Write a Java program that uses a for loop to print the odd numbers from 1 to 20. Print one number per line in the command line window.
Investigate the evolution of containerization technologies within operating systems, exploring the intricacies of container orchestration, resource isolation, and the impact on application...
Your grandmother is very upset. She went to CVS Pharmacy to pick up a prescription (for blood pressure). While at the counter (and with a line of customers behind her) the clerk asks in a loud voice...
Identify the Critical Infrastructure Physical Protection System Plan.
Fairmount Inc., a developer of radiology equipment, has stock outstanding as follows: 15,000 shares of cumulative 2%, preferred stock of $150 par, and 50,000 shares of $5 par common. During its first...
Identify each of the following as relating to (a) The control environment, (b) Control procedures, or (c) Information and communication. 1. Managements philosophy and operating style 2. Report of...
Based upon the data presented in Exercise 2-4, prepare an unadjusted trial balance, listing the accounts in their proper order.
Supposing that all systems in Figure 1.27 are linear and time invariant, compute $y(n)$ as a function of the input and the impulse responses of each system. x(n) h(n) h(n) h(n) Fig. 1.27. Linear...
Find one solution for each of the difference equations below: (a) $y(n)+2 y(n-1)+y(n-2)=0, y(0)=1$ and $y(1)=0$ (b) $y(n)+y(n-1)+2 y(n-2)=0, y(-1)=1$ and $y(0)=1$.
We define the even and odd parts of a sequence $x(n), \mathcal{E}\{x(n)\}$ and $\mathcal{O}\{x(n)\}$ respectively, as \[\begin{aligned}\mathcal{E}\{x(n)\} & =\frac{x(n)+x(-n)}{2}...

Following are the 2020 transactions Paid dividends $99,000 Issued common stock $558,000 Issued a long-term note payable

Question:

Expert Answer:

To calculate the net cash used by financing activities you need to consider the cash flows related t... View the full answer

Accounting

Students also viewed these accounting questions